Altria Group, Inc.

MO · NYSE · Consumer Staples · Tobacco

Next earnings: October 29, 2026 · before the open

$68.82-0.1%Sep 25 close

1M: +1.8%
6M: +6.7%
1Y: +11.8%
5Y: +107.0%

Altria makes and sells cigarettes, cigars, smokeless tobacco, nicotine pouches and e-vapor products, mainly in the United States.

Built from Altria Group, Inc.’s own filings with the SEC. Figures are as reported, with per-share history restated onto today’s share basis. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.

Full financial statements →

About Altria Group, Inc.

Its subsidiaries make Marlboro cigarettes, Black & Mild cigars, Copenhagen and Skoal moist smokeless tobacco, on! nicotine pouches, and NJOY e-vapor products. Altria sells mainly to wholesalers, distributors and large retailers, which supply stores for adult consumers. It also owns a majority stake in Horizon, a joint venture for heated tobacco sticks; the latest quarterly filing says Horizon had no products on sale in the United States.

Head office: Richmond, Virginia
Founded: 1985 (as Philip Morris Companies Inc.)
Employees: approximately 5,900 (December 31, 2025, high)
Listed on: NYSE
Financial year ends: December 31

How it makes money

Smokeable products: cigarettes and machine-made cigars88%
year ended December 31, 2025
Oral tobacco products: moist smokeless tobacco and nicotine pouches12%
year ended December 31, 2025
E-vapor products

Competes with

What it sells5

Marlboro cigarettes
Combustible cigarettes made by Philip Morris USA and sold mainly in the United States.
Black & Mild cigars
Machine-made large cigars made by John Middleton and sold mainly in the United States.
Copenhagen, Skoal and Red Seal
Moist smokeless tobacco products made by U.S. Smokeless Tobacco.

Show 2 more

on! and on! PLUS nicotine pouches
Tobacco-free oral nicotine pouches sold by Helix. By the second quarter of 2026, on! PLUS was available in 120,000 stores (second quarter of 2026, high).
NJOY e-vapor products
Tobacco and menthol e-vapor products. NJOY ACE was subject to U.S. import and sales restrictions described in the filing.

Who buys it3

Wholesalers and distributors that buy Altria tobacco products for resale.
Large retail organizations, including chain stores, that buy products for sale to adult consumers.
Adult consumers who buy Altria brands through retail stores.

What it stands on, and what could break it

What the business leans on

1Altria earns substantially all of its revenue from customers in the United States.
2Its products are subject to U.S. Food and Drug Administration rules, including premarket review requirements for certain new or modified products.
3Its businesses depend on tobacco leaf, nicotine materials, other components, and a small number of key suppliers, distributors and distribution-chain service providers.

How it compares with its industry

Three ratings, each a percentile against the 10 companies we cover in Tobacco. Deliberately kept apart rather than blended into one score — cheap, rising and well-run are three different facts, and a single number would hide which one is which.

Momentum

89of 100 in its industry

Near the top of its industry

12 months to a month ago8.4%

6 months to a month ago0.8%

The most recent month is left out on purpose: returns tend to persist over 7–12 months and the newest one tends to reverse. This describes what the price has done, and says nothing about what it will do.

Value

62of 100 in its industry

Above most of its industry

Profit for the price6.94%

Cash for the price7.93%

Sales for the price20.41%

Assets for the price—

Operating profit for the whole business7.47%

Yields, so higher means cheaper — a loss-making company ranks last instead of dropping out. Cheap is not the same as good: a high yield is often a price that fell for a reason. Blended from 4 of 5 measures.

Capital allocation

5/5Disciplined

1 check not reported

Return on capital34.1%

Shareholder yield6.93%

Share count, 3 years-7.4%

Net debt / EBITDA2.09x

Insiders, 12 months-$1.9M

What management does with the money — scored on whatever the filings answer, never as a share of the total.

The six capital-allocation checks

Return on the money invested34.1% on invested capital
Debt against earnings2.09x net debt to operating earnings
Cash returned to shareholders6.9% a year in buybacks and dividends
Share count over three yearsShare count 7.4% lower over three years
Payouts covered by cash flowFree cash flow covers what it pays out
Open-market insider buyingNet selling of $1.9M — not counted against the score

A description of where this company sits among its competitors, not a recommendation. Ratings updated Sep 26, 2026.

What could go wrong

1Changes in adult nicotine consumers’ preferences, spending power and product choices can reduce demand for Altria brands; the company reports cigarette and moist smokeless tobacco volume declines and competition from pouches and e-vapor products.
2Government rules, enforcement, taxes and litigation can affect whether products may be made, marketed or sold. For example, NJOY ACE faced U.S. import and sales restrictions, and products without required Food and Drug Administration authorization may face enforcement.
3Illicit nicotine products, especially flavored disposable e-vapor products, compete with regulated products; Altria says enforcement has not yet stopped their spread.